Solar power installation costs in Pakistan have increased significantly this month, with prices for systems ranging from 5 to 15 kilowatts experiencing notable hikes.
Industry insiders report sharp rises in on-grid system prices, compounded by higher expenses for hybrid setups due to increased battery costs.
This escalation coincides with the growing popularity of solar power as an alternative to rising electricity prices, prompting many Pakistanis to explore renewable energy solutions to mitigate soaring utility costs. However, this sudden price increase may affect affordability.
As of November 2024, the cost of a standard 5 kW solar system has escalated by Rs100,000 to Rs750,000, and that of a 7 kW system has risen by Rs150,000 to Rs850,000.
Moreover, larger setups have seen substantial hikes. The price for a 10 kW system has jumped to Rs1,150,000 after a Rs200,000 increase, and a 12 kW system now costs Rs1,250,000, up by Rs150,000. The 15 kW system price has reached Rs1,400,000, a Rs150,000 increase.
Analysts indicate that these price surges could hinder many households and businesses from shifting to solar energy. Despite Pakistan’s push for solar adoption to reduce strain on the power grid, escalating equipment and battery costs pose fresh hurdles.
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